Manufacturing sector in Türkiye neared stabilization midway through the second quarter, as output returned to growth in May and export orders rose for the first time in 21 months, a closely-watched business survey showed on Monday.
The Istanbul Chamber of Industry (ISO) Türkiye Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 49.8 in May from 45.7 in April, a survey by S&P Global showed. The 50-mark separates growth from contraction.
The May reading was the highest since March 2024.
"The Turkish manufacturing sector moved in a more positive direction in May as renewed growth of exports helped to support a slight rise in production," said Andrew Harker, economics director at S&P Global Market Intelligence.
Production increased in May after a sharp slowdown in April. The survey said panelists reported signs of improving demand, particularly internationally.
